Technical: Model Review and Optimisation
An integrated refiner sought to significantly increase its profitability by ensuring best practices in its planning and optimization process, systems, and modeling.
Area of Expertise:
Technical
Project Example
Process, Systems, and Model Review
Context
DAI consultants were engaged to review processes and systems and profitability of the group refineries.
Approach
DAI consultants worked in collaboration with client employees in corporate planning, trading, scheduling, refinery planning, and operations to ensure best practices and identify actionable profit opportunities.
System and model reviews included molecular management optimization and constraint busting approaches with a profit-based focus.
The schedule entailed one month information gathering; one month of collaborative, on-site meetings; one month of follow-up analysis with a final presentation to executive team
Analysis
Review showed systems and procedures to be of very high standards and the client’s team to be highly engaged and professional.
Over 4500 model constraints were reviewed.
Initial analysis selected 49 ideas to further develop, classified in operational / optimization / routing / planning categories.
Outcome
Immediate profit implemented for USD 30+ million per year.
